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Proper Financial Accounting for Partnerships and LLCs

Total Credits: 4 including 4 Accounting - Technical

Average Rating:
Not yet rated
Categories:
ACPEN Industry Institute |  Accounting and Auditing
Speaker:
Doug Van Der Aa, CPA, JD
Course Levels:
Intermediate
Duration:
4 Hours
License:
Never Expires.
Dates
Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.
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Description

Although they are the most common entities for small and mid-sized business, financial (book) accounting for partnerships and LLCs are rarely discussed.  This course examines the proper financial accounting for these tax-driven entities.

Basic Course Information

Learning Objectives
  • Apply financial accounting concepts to partnerships and LLCs
  • Identify planning strategies and potential pitfalls.

Major Subjects
  • Importance of Partnership capital accounts
  • Book vs tax capital accounts
  • Partnership capital contributions
  • Section 704(b) capital rules and OCBOA
  • GAAP balance sheet impact of capital contributions
  • Bonus and Goodwill methods
  • Ceiling Rule and Remedial allocations
  • GAAP partner capital accounts

Handouts

Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) Available after Purchase

Speaker

Doug Van Der Aa, CPA, JD's Profile

Doug Van Der Aa, CPA, JD Related Seminars and Products

Doug Van Der Aa, CPA, JD, is a lively and energetic speaker on the subject of taxes and ethics, and has extensive experience in leading discussions for conferences, seminars and webinars. He is a highly rated speaker and seminar leader for state CPA societies and other organizations throughout the country.

Van Der Aa has more than 25 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. His practice concentrated on the tax needs of closely held businesses, with their related pass-through entities, complex individual returns, estates and trusts.

Van Der Aa taught for 10 years as an adjunct instructor and for one year as assistant professor of accounting and taxation for Grand Valley State University’s Seidman College of Business, where he taught in both the undergraduate and MST programs.

Dates

Wed, Jun 18, 2025 - 1:00 PM to 5:00 PM EDT
Mon, Jun 30, 2025 - 10:00 AM to 2:00 PM EDT
Thu, Jul 10, 2025 - 4:00 PM to 8:00 PM EDT
Fri, Jul 18, 2025 - 1:00 PM to 5:00 PM EDT
Mon, Aug 18, 2025 - 1:00 PM to 5:00 PM EDT
Sat, Aug 30, 2025 - 10:00 AM to 2:00 PM EDT
Thu, Sep 11, 2025 - 4:00 PM to 8:00 PM EDT
Thu, Sep 18, 2025 - 1:00 PM to 5:00 PM EDT
Sat, Oct 18, 2025 - 1:00 PM to 5:00 PM EDT
Thu, Oct 30, 2025 - 10:00 AM to 2:00 PM EDT
Thu, Nov 13, 2025 - 4:00 PM to 8:00 PM EST
Tue, Nov 18, 2025 - 1:00 PM to 5:00 PM EST
Thu, Dec 18, 2025 - 1:00 PM to 5:00 PM EST
Tue, Dec 30, 2025 - 10:00 AM to 2:00 PM EST
Thu, Jan 08, 2026 - 4:00 PM to 8:00 PM EST
Mon, Jan 19, 2026 - 1:00 PM to 5:00 PM EST
Wed, Feb 18, 2026 - 1:00 PM to 5:00 PM EST
Sat, Feb 28, 2026 - 10:00 AM to 2:00 PM EST
Thu, Mar 12, 2026 - 4:00 PM to 8:00 PM EDT
Wed, Mar 18, 2026 - 1:00 PM to 5:00 PM EDT
Sat, Apr 18, 2026 - 1:00 PM to 5:00 PM EDT
Tue, Apr 28, 2026 - 10:00 AM to 2:00 PM EDT

Additional Info

Basic Course Information

Advanced Preparation None
Course Developer

Van Der Aa Tax Ed, LLC


Designed For CPAs in public practice and members in industry seeking a better understanding of financial accounting for partnerships and LLCs
Yellow Book No
Original Recording Date

05/25

 


Prerequisites Basic working knowledge of business taxation
Date Added to Catalog 3/15/2025

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).
Course Registration Requirements Online Registration
Instructional Delivery Method Group Internet Based
Official Registry Statement Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

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